🗓️ Here’s your #$XRP Report for the week:
🇦🇪 Ripple Becomes First Licensed Blockchain Payments Provider in Dubai
🔹 #Ripple has received regulatory approval in Dubai, becoming the first licensed blockchain payments provider in the Dubai International Financial Centre (DIFC).
This milestone strengthens Dubai’s position as a global crypto hub while allowing Ripple to expand its cross-border payment services across the UAE.
📊 Ripple estimates that 20% of its clients are based in the Middle East, positioning the company for further growth in the region.
"Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.” - Brad Garlinghouse
⚖️ SEC Reviewing $XRP’s Regulatory Status in Ripple Case
🔹 Reports suggest the SEC is reconsidering whether $XRP should be classified as a commodity, as part of ongoing settlement discussions with Ripple.
While some comparisons are being drawn to #Ethereum’s regulatory path, Ripple CTO David Schwartz pushed back, stating that #ETH was "privately sold by an issuer prior to any ledger or blockchain existing." A key difference from $XRP’s history.
💬 Could this shift in $XRP’s classification mark a turning point in the Ripple case?
👇 Drop your thoughts below!
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